SONO - PacWest Keeps Falling but This Other Nasdaq Stock Sank Even More
2023-05-11 13:00:00 ET
The stock market didn't get everything it wanted on Thursday morning, and share prices were broadly lower early in the trading session. Although losses for the Nasdaq Composite (NASDAQINDEX: ^IXIC) were minimal at about 0.2% as of 10 a.m. ET, other major market benchmarks lost more than 1%.
One problem that has market participants worried is the ongoing crisis in the regional banking sector. There aren't many banks listed on the Nasdaq, but PacWest Bancorp (NASDAQ: PACW) is, and it released some troubling news that sent its shares still lower.
However, another Nasdaq stock suffered even steeper declines, as Sonos (NASDAQ: SONO) wasn't able to give shareholders the results they wanted to see. Below, you'll learn more about both stocks and what implications they have for the broader market.
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PacWest Keeps Falling, but This Other Nasdaq Stock Sank Even More